A Level Olympics Playing Field (Part II)

In the case of both population and GDP, merely dividing by that metric over-penalizes more populous or wealthy nations. This might be expected in view of likely diminishing returns. We've looked at leveling the playing field for several multinational contests and find that dividing by a fractional power of GDP (like say the square root) yields the most competitive ranking. Our 2012 Olympics GDP Adjusted Medals Ranking now has Jamaica overhauling Grenada but the big hitters are not too far down the table.

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